Zacks Research Upgrades KKR & Co. Inc. (NYSE:KKR) to Hold

KKR & Co. Inc. (NYSE:KKR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also issued reports on the stock. BMO Capital Markets reduced their target price on shares of KKR & Co. Inc. from $125.00 to $106.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Piper Sandler reduced their target price on shares of KKR & Co. Inc. from $135.00 to $117.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. The Goldman Sachs Group reduced their target price on shares of KKR & Co. Inc. from $145.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. UBS Group upped their target price on shares of KKR & Co. Inc. from $113.00 to $126.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of KKR & Co. Inc. from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $134.53.

KKR & Co. Inc. Price Performance

NYSE:KKR opened at $96.00 on Thursday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $153.87. The company’s 50-day moving average price is $96.46 and its two-hundred day moving average price is $109.12. The firm has a market cap of $86.20 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 0.81 and a beta of 1.85. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.70.

KKR & Co. Inc. (NYSE:KKR) last announced its earnings results on Friday, February 27th. The asset manager reported $1.24 earnings per share (EPS) for the quarter. KKR & Co. Inc. had a net margin of 13.94% and a return on equity of 5.42%. The company had revenue of $5.74 billion for the quarter. On average, equities analysts anticipate that KKR & Co. Inc. will post 5.51 EPS for the current fiscal year.

KKR & Co. Inc. declared that its Board of Directors has authorized a stock buyback plan on Tuesday, May 5th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the asset manager to purchase up to 0.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other KKR & Co. Inc. news, Director Timothy R. Barakett acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $94.47 per share, for a total transaction of $4,723,500.00. Following the completion of the acquisition, the director directly owned 285,000 shares of the company’s stock, valued at approximately $26,923,950. This represents a 21.28% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 23.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KKR & Co. Inc.

Large investors have recently bought and sold shares of the company. ESL Trust Services LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at approximately $26,000. Asset Dedication LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at approximately $26,000. GGM Financials LLC bought a new stake in KKR & Co. Inc. in the third quarter valued at approximately $27,000. Washington Trust Advisors Inc. bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Finally, Elyxium Wealth LLC bought a new stake in KKR & Co. Inc. in the fourth quarter valued at approximately $27,000. Institutional investors own 76.26% of the company’s stock.

About KKR & Co. Inc.

KKR & Co Inc is a global investment firm headquartered in New York City that specializes in private markets and alternative asset management. Founded in 1976 by Jerome Kohlberg Jr., Henry Kravis and George R. Roberts, the firm built its reputation in leveraged buyouts and has since expanded into a multi-strategy asset manager. KKR operates across private equity, credit, real assets (including real estate and infrastructure), growth equity and hedge fund strategies, offering a range of investment products and strategies for institutional and private investors.

KKR manages capital through traditional closed-end funds as well as customized vehicles such as separate accounts, co-investments, and listed investment vehicles.